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20110726
20110726
Search Results 0 to 7 of about 8 (some duplicates have been removed)
dollars in savings from winding down the wars in iraq and be afghanistan. that would raise the debt ceiling enough to get us through 2012, though boehner's would only take us through the end of the year. last night the president and speaker both aimed to put publish pressure on the other. >> there's no symptom of big government more menacing than our debt. break its grip, and we begin to liberate our economy and our future. >> i'm asking you all to make your voice heard. if you want a balanced approach to reducing the deficit, let your member of congress know. >> reporter: enough people did, presumably supporters as well as opponents, that the speaker's web site crashed along with those of a couple of other republicans and at least one democrat. republicans say the president wants a long-term debt ceiling hike to keep it out of his re-election bid. democrats say the bond rating agencies want a long-term hike. a short-term one, they say, would risk a downgrade of this country's credit rating, and that would hike credit interest rates on everyone. jon: the overwhelming number of calls
. they take -- they say we're going to wind down in iraq and afghanistan and save a trillion dollars without having a war for ten more years. who thought we'd be there for ten more years so republicans say that's a gimmick. the reed plan will have a hard time passing and will not pass the house so you've got the two plans out there are ultimately horses you can't ride to the finish line and the issue becomes, what comes after them and can you get it done before monday or tuesday of next week? i think we're heading towards a two or three-week extension of this fight. i think the president will accept some sort of extension for two or three weeks to allow this fight to play out. >> when we come back we'll talk to our panel and get james carville's take and eric erikkson's take on those two plans. let us know what you think. i'll be tweeting and on facebook. >>> ahead, norway terror suspect. what we learned and his new claims he didn't act alone and the chilling 100-page anti-muslim manifesto. >>> and the dominique strauss khan case. the made at the center of the assault. breaks her silence. in
decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican budgets. reid's plan would not reform or cut medicare, medicaid, social security. there would be no changes to taxes. it would raise the debt ceiling by $2.4 trillion. that would be enough to fund the government through next year's election. now the boehner plan is more short term. it would raise the debt ceiling in two different steps. the first step would happen immediately. raising that ceiling by about a trillion dollars, would be accompanied by spending cuts of $1.2 trillion over ten years. that would get us to next year. right? when we would need a second vote to raise the debt ceiling again by another $1.6 trillion. now that second increase would be contingent on more cuts, another 1.8 there the in spending cuts that would have to be agreed to by a bipartisan committee. the second vote you guys, is
Search Results 0 to 7 of about 8 (some duplicates have been removed)